Chang Ching-tsai, a real estate industry professional, said on Aug.19 that recently there is a 20 percent increase of Hong Kong citizens coming to Taiwan looking for residency on the island.
Because of shrinking freedoms and social instability, many Hong Kong citizens are looking to migrate, and many of them are considering Taiwan. Chang said the time it takes to conclude the paperwork has become five to ten percent faster, adding that most of the applications were from middle-aged or elders with higher economic status.
Chang, the general manager of Jaysanlyn Group （甲山林）, said the Hong Kong real estate professional had explained to him that there was a wave of migration in 1997 when the city was handed over to mainland China. Back then, Hongkongers preferred to move to European or American countries, including Canada, the U.S. and the U.K. However, in recent years, Hongkongers are eyeing Taiwan, which already has a culture with strong Chinese roots.
Chang said the number of Hongkongers looking for houses in Taiwan has increased 20 percent, the amount of the done deals increased 20 percent as well.
He explained that the reason Hongkongers decide to reside in Taiwan is that, as the only democratic society among ethnically Chinese states, the culture here is similar to Hong Kong while society is open and friendly. Furthermore, the cost of living is lower and is convenient for people returning to Hong Kong for a visit.